“U.S. oil reserves near 40-year low”
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Tbird19482
Verified User
Yes and the YOU is in general , the people of the US,
YES EVERYTHING YOU buy has gone up because of oil prices going up , Truckers and manufactures and retailers are only eating some of the costs and are now passing them on to the consumer ( YOU and everybody else that buys things ) ,
Maybe you should get out of your mothers basement and go do some shopping and see for yourself.
And stop by and fill your car up with gas IF you can afford it.
You didn't reply to "the people of the US in general":, you replied to ME.
Will you apologize?
QP!
Verified User
Says the guy who just argued...
Trump says "you would be surprised as the IRGC troops on the ground as being Iran's military, have been left alone..."
and also
" IRGC troops on the ground as being Iran's military, have been destroyed..."
Can both be accurate and true statement by Trump.
Hey you forgot to address the Trump lie above where he says first the IRGC was "destroyed" and then the "IRGC was left alone... not touched".
Oops.
Noking
Fight authoritarianism support Noking
Oil industry warns Trump administration of price spikes within weeks
Industry executives said the loss of oil through the Strait of Hormuz is draining petroleum inventories to dangerously low levels.The oil industry is warning the Trump administration that a Hormuz-sized hole in the world’s petroleum market is steadily draining inventories to levels that are likely to send global energy prices surging in the next several weeks, according to four executives.
Noking
Fight authoritarianism support Noking
So much for Crazy Trump's grandiose illusions.Right you are. There's a meme for that!
Right you are. There's a meme for that!
If you include the oil that trump promised other members IEA to make up for their oil releases, we are in negative territory. How will trump make up for the negative amount of oil we have in the reserve?
Drill baby drill?
Jerry Mathers
Was it me?
and you respect the U.N.
Jerry Mathers
Was it me?
it's Deshika!Right you are. There's a meme for that!
Librtlover
Verified User
Respect the U.N.? I want the US to get the hell out of that useless anti American, third world leadership joke.
Jerry Mathers
Was it me?
there is merit to that argument.
Tbird19482
Verified User
Buy oil to replace it at a lot higher price and run up the debt.
There's no plan to replace it just like he's cutting taxes but raising the national debt with no plans to lower it.
Tbird19482
Verified User
Oil people have come out and said they won't drill more wells unless there is money to be made,well with te price of oil so high they should be drilling, but you have to remember there are only so many drilling rigs.
QP!
Verified User
There is always a tension with regards to when to build and bring new oil assets online.
If you are a big developer with a ton of already running rigs pumping out oil, you are not in any hurry to bring on more assets and start depressing the price and instead are ok leaving supply lower to keep price higher and enjoy big margins and bank big cash. They are ok waiting and bringing those assets online when the price comes down naturally and spending that banked cash.
If you are a new player with leases you will be incentivized to jump in when its highest as that is when you can raise the most capital and realize a quicker return on investment.
And since there is typically more large established players with assets in the wings, waiting to be finished and come on line, that is why you often see that not happen and why you then often see governments threaten to cancel the leases to try and force them to do it.